Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your preliminary judement of materiality was based

Your preliminary judement of materiality was based on net income. Why is it necessary to...

90.2K

Verified Solution

Question

Accounting

Your preliminary judement of materiality was based on net income. Why is it necessary to compare unadjusted misstatements to other bases of materiality? What should the auditor do if the unadjusted misstatements exceed one or more materiality threshold?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Data Table 1. Adding 0.1M HCl from D1 into A1. Drop Number pH of Solution 1 5.0 2 5.0 3 5.0 4 5.0 5 5.0 6 5.0 7 5.0 8 5.0 9 5.0 10 5.0 11 5.0 12 5.0 13 5.0 14 5.0 15 5.0 Data Table 2. Adding...

Biology
1.2K views

in a 300-word essay describing how you will use your education to positively impact and make...

Mechanical Engineering
1.2K views

8) Why is trying to maintain uniform wall thickness important when designing for an injection molded...

Physics
1.2K views

211 A body which was initially neutral is now positively charged Then its mass 6...

Physics
1.2K views

A sinusoidal wave has period 0.15 s and wavelength 2.5 m .What is the wave...

Physics
1.2K views

A uniform wire frame of linear mass density having of length 2a is kept on...

Basic Math
1.2K views

Find the monthly interest payment in the situation below.Vic bought a new plasma TV for...

Basic Math
1.2K views

A shark can take in 600 cubic meters of water in a day when it...

Algebra
1.2K views

7 Evaluate each function Round to the 5 w x 3 8x 1 1 Find...

Accounting
1.2K views

Keesha Co. toma prestados $200 000 en efectivo el 1 de noviembre del ao en...

Accounting
1.2K views

The Welding Department of Healthy Company has the following production and manufacturing cost data for...

Accounting
1.2K views

Dirk Ward borrowed $13,000.00 for investment purposes on May 26 on a demand note providing...